On January 2, 2021, Wang Inc. purchased a machine to be used in the fabrication of a part for one of its key products. The machine cost $85,000, and its estimated useful life was five years or 500,000 units, after which it could be sold for $5,000. Annual production in units for each year is 110,000; 100,000; 175,000; 90,000; and 25,000, respectively. Compute depreciation for each year using SL, UOP, and DDB.

Answer rating: 100% (QA)

Depreciation is a cost charged over the fixed assets for ov... View the full answer